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Linking Obama directly to high fuel costs?

ndC7M8

ndC7M8

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So after being unfriended by several people on facebook (my heart is TRULY broken to be unassociated with these partcular people :face-icon-small-dis) I decided to bring it to an older, more educated group of people that I look to on a regular basis for information.....

Found this photo because several people shared it and made completely uneducated and outrageous statements about Obama with it. Now I'm not Pro-Obama, I really don't care for any politician, but I guess somebody does hafta be the man in charge, and we're stuck with 'em for a bit more. Anyway, would someone please explain to me Barack Obama's direct influence on the price of fuel (if any), compared to the record high price during the bush administration.

Here's a national average fuel price chart over the years, and the site has a state-by-state average fuel price ticker on the side of the page.
http://zfacts.com/p/35.html

Just wanted to get an older, hopefully less narrow-minded and much more educated response than the childish "WELL, BUROCK OHBAMA MAKESS EVURYTHING IN ARE CUNTRY MOORE BAD" type of facebook bickering.

#idiot.jpg
 
OPEC drives fuel prices no matter who is in administration. but I love seeing the arguments about the subject!
 
What the ignorant person that left that note fails to mention is that just 6 months prior to the low gas prices in 2008, oil was at an all time high at $145/barrell....and then the economy fell flat on its face and prices dropped like a rock, along with the employment rate, home values, and the value of the dollar. If this short sighted person thinks that the times were good back when Obama was sworn into office...they seriously have their head up their a$$ and will only choose to see or use enough of the story to make their ridiculously narrow-minded statements to support their mentally-stunted view of the economy and politics.
 
And what caused the economy to fall flat on its face? (goal of asking is to see if we can rise above hyperbole and detail the actual facts)....since there are facts, and they are not Obama's or Bush's fault....
 
MTdream said:
And what caused the economy to fall flat on its face?
Click to expand...
the selling of risk...

As to gas prices, our demand is pretty low due to the economy. One benefit of high oil prices is that domestic oil production is more profitable, so more of it is done.

Also, don't forge the impact of the devaluation of the dollar. While it has been good for exports, it isn't good for imports, mainly oil.
 
theres no shortage of fuel. the media says tensions between US and other countries drive up the prices. no. theyre playing a game to see who can afford it.

people who cant will eventually rise up and start more protesting.

just another way to filter out the undesirables that they want to get rid of.
 
I saw that picture too. It is especially stupid because during said time the economy was at an all time low and the recession was in full swing.

that said, for the time being I'd rather be in a recession than not seeing as I buy gas regularly and don't have the money for the stock market and I'm not looking for a job.
 
Seems kinda funny how gas prices tanked just before Obama got elected and now they are going thru the roof. The oil companies are manipulating prices to effect outcome on the election. Sad part is they think we don't see it.
 
people on both sides are a part of it. kinda crazy. the huge oil spill in the gulf was planned and done on purpose. theres a "conspiracy theory" for you to investigate...
 
the refinery capacity shortfall or limitations is the real culpert..the enviromental issues has prevented new refinerys for decades
 
augerin said:
Seems kinda funny how gas prices tanked just before Obama got elected and now they are going thru the roof. The oil companies are manipulating prices to effect outcome on the election. Sad part is they think we don't see it.
Click to expand...

It sickens me that many people don't. I've seen this photo shared by many of my friends on Facebook and they follow it with some great one-liner about how terrible Obama is.

I'm in that age group that didn't worry much about the cost of fuel until about 2006ish, and unless you look it up, who remembers what the cost actually was? Especially kids my age. We're also a generation, especially in my neck of the woods, that doesn't know much about or care much about politics, and most of what any of us hear is the narrow minded, uneducated OPINIONS of racist small town middle aged men. I'm sorry if I offend anyone, but that is the God honest truth.

Young people are easily swayed when it comes to this. Feed them more B.S. like that photo and without doing any research whatsoever, they'll go "Well I'm not voting for that guy!" Because gas money is important to the 19 year old college sophomore where I'm from. As for the economic state of our nation, that just sounds like a good topic to do a one page report on for your Friday morning class on Thursday night after you had been out drinking with your buddies....

Don't take this as me being some crazy hippie liberal, because I truly hate political parties and the whole right wing, left wing b.s. that has become the driving force behind our government, but I, a 22 year old man from rural North Dakota, am very open minded. I don't care what color you are, I dont care about your sexual preference, I don't care about your religion. There are too many different people in the world to try and standardize anything, and I do mean anything. Unless you try and force your culture or beliefs on me, then I'm gonna get pissed and let you know I don't like it.

This got a little long-winded, so to end it I'll just say that when it comes time to vote, I'll have a good idea of who I DON'T want to be our president and I'll go from there. And when the next elected president is in office, I will defend that person against idiots who try to pin every little problem in the world on them with no factual evidence to back up their crap opinions.......

GOOD NIGHT :usa2:
 
This got a little long-winded, so to end it I'll just say that when it comes time to vote, I'll have a good idea of who I DON'T want to be our president and I'll go from there.
Click to expand...

Thank you, at least you vote, I have talked to a lot of people that complained about our president (past and present) and then when asked who they voted for...nobody was the answer they give.

http://www.investopedia.com/articles/economics/08/gas-prices.asp#axzz1noNNPKDr

It could be worse, ask a Canadian if they would like to exchange gas prices. What gets me is that people don't understand that there is more to gas prices than just what OPEC says a barrel will cost. There are the refining costs and state/federal taxes etc. etc, associated with each gallon we pump. Congress sets the federal taxes and the president signs the bill, so in reality the president doesn't have much to do with the gas prices.


theres no shortage of fuel. the media says tensions between US and other countries drive up the prices. no. theyre playing a game to see who can afford it.
Click to expand...

http://news.yahoo.com/blame-speculators-high-gasoline-prices-democrats-224449329.html
 
m8magicandmystery said:
the refinery capacity shortfall or limitations is the real culpert..the enviromental issues has prevented new refinerys for decades
Click to expand...

What is the current refininery capacity factor (amount of time the refineries are online) ? From information I have scene, there isn't a refinery shortfall at all.

http://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm

This article is from Dec, 2009, but I think it gives an interesting view point..

http://www.nytimes.com/2009/12/24/business/energy-environment/24refining.html

Here is some information from Factcheck.org

http://www.factcheck.org/2008/05/us-oil-refining-capability/

The interesting point in all this is that refineries cost a lot of money, and the profit margin of the refineries is quite small. Meaning that there is a lot of risk involved.
 
Short term, leaders have little or no effect on what we see at the pump (besides the tax portion). However long term I think they can make decisions that will have an effect.
If we put more domestic production plans in place NOW so in 5+ years there is more oil on the market, wouldn't that help keep the price down?
 
Where does this fit in??

Finally, after weeks of historically high seasonal gas prices that are squeezing the budgets of millions of Americans, the Obama administration has provided its answer about the fuel's future and relief.
Energy Secy. Stephen Chu was asked in a House hearing this week if "the overall goal (of President Obama) is to get our price lower?"
Chu replied, "No."
He added, "The overall goal is to decrease our dependency on oil."
Actually, Chu let the administration's real agenda out of the bag back in December of 2008, hours after being named Energy secretary. Raise gas prices high enough to make expensive alternatives seem a more reasonable expense.
"Somehow," Chu told the Wall Street Journal, "we have to figure out how to boost the price of gasoline to the levels in Europe."
 
winter brew said:
Short term, leaders have little or no effect on what we see at the pump (besides the tax portion). However long term I think they can make decisions that will have an effect.
If we put more domestic production plans in place NOW so in 5+ years there is more oil on the market, wouldn't that help keep the price down?
Click to expand...

The problem is that it could keep the price down below what is profitable, then domestic production would be reduced and we would be back where we are.

I think we need to stop thinking that domestic production will decrease our oil prices...
 
winter brew said:
Where does this fit in??

Finally, after weeks of historically high seasonal gas prices that are squeezing the budgets of millions of Americans, the Obama administration has provided its answer about the fuel's future and relief.
Energy Secy. Stephen Chu was asked in a House hearing this week if "the overall goal (of President Obama) is to get our price lower?"
Chu replied, "No."
He added, "The overall goal is to decrease our dependency on oil."
Actually, Chu let the administration's real agenda out of the bag back in December of 2008, hours after being named Energy secretary. Raise gas prices high enough to make expensive alternatives seem a more reasonable expense.
"Somehow," Chu told the Wall Street Journal, "we have to figure out how to boost the price of gasoline to the levels in Europe."
Click to expand...

Or security is much more dependent upon oil than it is on high oil prices, IMO. Look at our military, look at our transportation.. Moving away from oil would solve a lot of problems, while having the potential to keep more money here in the US.

Another thing I would think about is, why is it the governments role to keep gas at a specific price? Isn't this regulation? Isn't this against what most people (especially conservatives) believe in?

Last point on this issue, is it really feasible to make this work? If we drilled all of our own oil (in effect increasing the world oil supply) wouldn't the other oil companies just reduce their production, keeping supply the same and keeping profits at higher levels?

There are a lot of knobs to turn here... I think it is best that government stays out of the pricing issue..
 
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